NORTH CAROLINA MUSEUM OF HISTORY ASSOCIATES INC (EIN 561178432) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

ANNE ALLEN

Phone

9198146996

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA MUSEUM OF HISTORY ASSOCIATES INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $619K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $789K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO BUILD PUBLIC AWARENESS OF AND PROVIDE FUNDING TO THE NC MUSEUM OF HISTORY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $432,673

Program Service Revenue $47,040

Investment Income $29,654

Other Revenue $109,532

TOTAL REVENUE $618,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,227

Fundraising Expenses $116,328

Program Expenses $545,148

Other Expenses $271,016

TOTAL EXPENSES $789,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$618,899	$811,582	-0.2%
Expenses	$789,243	$817,848	0.0%
Net Income	$-170,344	$-6,266	+26.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$74,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONYA YANKOGLU	EXECUTIVE DI	40.00	Officer	$54,026	$20,919	$74,945
ANNE ALLEN	CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS WILSON	PAST CHAIR	2.00	Director	$0	$0	$0
CULLEN STAFFORD	VICE CHAIR (	2.00	Officer Director	$0	$0	$0
COURTNEY BELL	VICE CHAIR (	2.00	Officer Director	$0	$0	$0
SHARON MOE	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY WHITE	HUMAN RESOUR	1.00	Director	$0	$0	$0
KAREN VAUGHAN	STRATEGIC CO	1.00	Director	$0	$0	$0
JOAN JOHNSTON	MEMBERSHIP	1.00	Director	$0	$0	$0
CHARLIE SILVER	MEMBERSHIP	1.00	Director	$0	$0	$0
JENNIFER ELIZABETH BOWDEN	GOVERNOR APP	1.00	Director	$0	$0	$0
GARETH EVANS	GOVERNOR APP	1.00	Director	$0	$0	$0
WINSTON KIRBY	GOVERNOR APP	1.00	Director	$0	$0	$0
MORGAN BARNES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY BARNHILL	DIRECTOR	1.00	Director	$0	$0	$0
FRED BEAUJEU DUFOUR	DIRECTOR	1.00	Director	$0	$0	$0
ROGER BLACK	DIRECTOR	1.00	Director	$0	$0	$0
MARY BOSSONG	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBIN CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLIN FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE AMLIN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE HOLTON	DIRECTOR	1.00	Director	$0	$0	$0
MACLEAN KLUTZ	DIRECTOR	1.00	Director	$0	$0	$0
COLIN MACNAIR	DIRECTOR	1.00	Director	$0	$0	$0
TERRY NOBLE	DIRECTOR	1.00	Director	$0	$0	$0
TAPP ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
KARI STOLTZ	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE WEYHER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$618,899	$789,243	$576,949	$-170,344
2024	$811,582	$817,848	$768,060	$-6,266
2023	$766,896	$709,819	$783,100	$57,077
2022	$619,111	$694,047	$691,546	$-74,936
2021	$1,183,113	$1,043,625	$798,352	$139,488
2020	$703,146	$838,518	$449,587	$-135,372
2019	$994,472	$897,931	$502,233	$96,541

NORTH CAROLINA MUSEUM OF HISTORY ASSOCIATES INC